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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Air Music&Media | LSE:AMU | London | Ordinary Share | GB00B0W48T45 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 52.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 9966E Air Music & Media Group PLC 03 October 2008 3 OCTOBER 2008 AIR MUSIC AND MEDIA GROUP PLC ("Air Group" or the "Group") AGM Statement At the AGM of Air Group, the UK distributor of home entertainment products, to be held at 14:00 today, Chairman Peter Cowgill will deliver the following statement to shareholders: "I am pleased to announce that Group sales for the 2008/09 financial year to date are ahead of last year and, despite margin pressure, the management team is pleased with the Company performance to date. "Our Distribution business has secured new customers in the early part of the 2008/09 financial year which has led to an increase in sales in the financial year to date compared to the same period last year. The Wholesale business, which is a much smaller segment of the Group, continues to face tough market conditions. "The Board recognises that the Group had a strong second half in the financial year ended 31 March 2008 which represents a challenging comparative but considers the Group well placed to continue performing to market expectation. It remains mindful, however, of current consumer confidence as we head towards the Christmas period, our most significant trading phase. "The Group has commenced the process to reduce its share premium account and restore the Company to distributable reserves, thereby placing the Company in a position to commence dividend payments to shareholders. The process is anticipated to be complete before the end of this financial year. Further details of the capital reorganisation and future dividend policy will be announced in due course. "The Board expects to announce its Interim results on Monday 8 December 2008." --ENDS-- Enquiries: AIR MUSIC & MEDIA GROUP PLC Tel: 0161 767 1620 Peter Cowgill (Chairman) BISHOPSGATE COMMUNICATIONS LIMITED Tel: 020 7562 3351 Maxine Barnes/Nick Farmer airmusic@bishopsgatecommunications.com SEYMOUR PIERCE LIMITED Tel: 020 7107 8032 Mark Percy/Matt Thomas This information is provided by RNS The company news service from the London Stock Exchange END AGMMTBFTMMTMBIP
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